A widely followed crypto analyst says a clear bullish pattern is forming for an artificial intelligence (AI)-driven altcoin while updating his outlook on three other tokens.
Pseudonymous crypto trader Altcoin Sherpa tells his 223,300 followers on social media platform X that a “clear bullish trend” is underway for machine learning protocol Bittensor (TAO).
The trader shares a chart suggesting that TAO has broken out of its multi-month accumulation range.
“TAO never fell to the bottom of the range. The expansion and clear uptrend are now in my view, the dips are favorable for buying.”
TAO is trading at $488.88 at the time of writing, an increase of 5.20% over the past day.
Moving on to the Artificial Superintelligence Alliance’s native asset (FET), the trader says he is waiting for the coin to see a slight pullback before going long.
“FET – I think $1.50 could be a good first entry, but quite aggressive. If you are patient, you can hope for levels around $1.37. Personally, I would probably make a few entries at $1.50.”
FET is trading at $1.62 at the time of writing.
Altcoin Sherpa also takes a look at layer-1 modular blockchain Celestia (TIA), noting that the asset saw its first major retracement near its 100-day exponential moving average (EMA).
“I would aim for around $5.11 for early entries if you like this one.”
TIA is trading at $5.42 at the time of writing, down 7.34% in the last 24 hours.
Concluding his analysis with the memecoin Popcat (POPCAT), the trader claims that the token could be a small correction away from a breakout.
“POPCAT breaks shortly after a slight pullback. Bullish on all beta that goes with it (aura/hehe/etc).”
POPCAT is trading at $0.923 at the time of writing, up 4.42% on the day.
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